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Malaysia's MMC Port Holdings delays its IPO to 2026 to include full-year 2025 results, aiming for a $1.5B raise.
Malaysia’s MMC Port Holdings has delayed its IPO to 2026 to include full-year 2025 financial results, aiming to provide a more complete picture of its performance.
The listing, expected to raise over $1.5 billion, would be the largest in Malaysia since 2012.
The company, which operates five ports along the Strait of Malacca and three cruise terminals, reported a 2024 net profit of RM636.6 million.
Regulatory approval was granted in September, and the IPO will involve selling up to 4.3 billion existing shares—about 30% of its capital—by parent company MMC Corp, which will retain a 70% stake.
No new shares will be issued, and proceeds will not go to MMC Port.
MMC Port Holdings de Malasia retrasa su IPO hasta 2026 para incluir los resultados de todo el año 2025, con el objetivo de recaudar $ 1.5B.